本帖最后由 choi 于 2-21-2019 15:02 编辑
(3) Jeremy Kahn, Selina Wang and Natalia Drozdiak, Europe's Quiet Tech Success.
https://www.bloomberg.com/news/a ... ompanies-keep-it-up
Quote:
"Pieter van der Does [Adyen CEO; company based in Amsterdam] doesn't resemble the stereotype of a Silicon Valley executive who favors massive parties and private jets. He spent decades cycling around Amsterdam on the bike he got in high school. R&R generally means hiking with his family, not jetting off to St. Tropez or Ibiza.
"Quiet, frugal, steady—this is the image Adyen brought to investors, one that's helped almost double the obscure Dutch company’s market value, to $21.8 billion, since its June IPO, suddenly ranking it among Europe’s hottest digital companies. If you’ve ridden in an Uber, subscribed to Netflix, or paid for Spotify Premium, there’s a good chance Adyen ran your card. The one past indulgence the CEO cops to is mountain climbing
"What separates the company from the likes of PayPal, Stripe, and Alipay in the $2 trillion digital payments business is that it’s a one-stop shop. While other companies handle just a link or two in the convoluted chain moving money from customers to merchants, Adyen handles the entire process, from checkout to fraud detection to dealing with Visa and Bank of America to making sure sellers get paid.
"While the company's first-half profits rose 75 percent last year, to €48.2 million (about $54 million), 'sustainability of the growth is my biggest question,' says Christopher Brendler, an analyst at Buckingham Research Group. * * * Translation: When you're trading at 140 times forecast earnings [price/earning ration or P/E ratio], there's nowhere to go but down.
"At its founding in 2006, Adyen saw the mobile web coming. A decade earlier, Van der Does * * * joined BiBit, an early web payments company, as chief commercial officer. BiBit was sold to Royal Bank of Scotland for an undisclosed sum in 2004. * * * Van der Does and BiBit co-founder Arnout Schuijff came up with the idea for a mobile BiBit [ie, payment with a cellphone]
"While rivals competed mostly on price, Schuijff and Van der Does bet that merchants would pay for faster, more reliable transactions.
"In 2012, the year Van der Does first signed Uber, Adyen processed a grand total of $10 billion in payments; five years later, the number was $122 billion.
Note:
(a)
(i) summary underneath the title in print: The safe-looking fintech company has drawn waves of investors since its IPO
(ii) Print and the online version are the same.
(b) There is no need to read the rest.
(c) In print but not online, the background of the title is
"Market cap[italization:]
Adyen $21.8b
Lufthansa $11.9b
Michelin $20.9b
Renault $18.9b
Ryanair $15.1b
SAP $129.3b
Spotify $25.7b
Swatch $15.7b"
(d) Our Story. Adyen, undated
https://www.adyen.com/about
("Adyen's founding team called the business Adyen – Surinamese for 'Start over again' – and focused on building a modern infrastructure directly connected to card networks and local payment methods across the world")
(e) Ibiza
https://en.wikipedia.org/wiki/Ibiza
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